The U.S. Department of Transportation has suspended its review of a $5.5 billion loan request that is critical for building a private bullet train between a Southern California desert community and the Las Vegas Strip, leaving the future of the project in jeopardy.
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ANN ARBOR, Michigan (Reuters) - Cars that "talk" to each other to avoid crashes or traffic jams, like those being tested here, will save lives but the cost of the systems will determine consumers' acceptance of such technology, the U.S. transportation secretary said on Tuesday.
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WASHINGTON (Reuters) - The Federal Aviation Administration has sufficient funds to keep 149 low activity contract towers originally slated for closure in June open for the remainder of fiscal year 2013, Transportation Secretary Ray LaHood said in a statement.
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Transportation Secretary Ray LaHood joins Morning Joe to discuss the sequester's impact on the budget and furloughing air traffic controllers. According to LaHood, the DOT will have to cut roughly $1B and the FAA plans for about $600M in cuts.